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Turkey's debt rises 109 percent after Erdogan's transition to the presidential system

2021-08-24T21:03:25.961Z


ANKARA, SANA- The Turkish newspaper, Zaman, revealed today that Turkey’s debt has increased by 109 percent in the 3 years since the implementation of


Ankara-Sana

The Turkish newspaper, Zaman, revealed today that Turkey's debt has increased by 109 percent in the 3 years since the President of the Turkish regime, Recep Tayyip Erdogan, implemented the presidential rule, which the opposition is calling for its abolition and a return to the parliamentary system.

The newspaper stated that the data of the Ministry of Treasury and Finance of the Turkish regime showed that the central government debt, which includes the expenses of institutions such as Parliament, the presidency, the judiciary and ministries, increased by 109 percent in 3 years, as it was at the level of 969 billion and 940 million Turkish liras in June 2018, the date of the transition to the presidential system and rose The total debt of the Turkish government to two trillion and 26 billion and 802 million Turkish liras in the statistics of June 2021.

And the Russian Finance Row website revealed last June that Erdogan began requesting financial aid from Britain and Japan amid the financial crisis afflicting his country and the collapse of the economy.

Source: sena

All business articles on 2021-08-24

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